Suburb Profile Report for Alkimos WA (6038)

Alkimos House: Median price $450,000, Annual capital growth 15.07%, Number of sales 99, Weekly median advertised rent $365

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Expert Report

Over the last year, property investments in Alkimos, 6038 have given investors a capital gain of -7.22%. This compares badly with the -5.06% for WA as a whole.

A 95.65% growth in median value for property investors in Alkimos,6038 puts this suburb at number 271th in terms of best performing suburbs in WA

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Alkimos, 6038. Typically our figures indicate that -7.70% is being offered, which puts this WA suburb at 899th most discounted overall in Australia.

Using the current median advertised rental of $365 and the average annual increase in value of a median property of 15.07%, investors should hope to achieve an overall return of 4.22%

YIP MAG Information supplied by:

YIP MAG
June 2016

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While recent times have been tough for large parts of the Perth market and WA in general, a beachside suburb around 40km north of the Perth CBD has seen no such troubles.Full summary While recent times have been tough for large parts of the Perth market and WA in general, a beachside suburb around 40km north of the Perth CBD has seen no such troubles.

The median house price in Alkimos, a suburb named after a Greek freighter shipwrecked off its coast in the 1960s, sits at a respectable $488,500.

Even more respectable is the recent capital growth seen in the area: the median house price has surged by a remarkable 109% in the past five years.

That impressive run may have come to an end though, with only 2% growth recorded in the past year and houses spending close to 100 days on the market.

The strong growth seen in Alkimos has pulled back the suburb’s rental returns, with yields currently sitting at 4%.Close
HOUSE UNIT
$450,000 N/A
-2.17% N/A
-7.22% N/A
15.07% N/A
$365 N/A
99 N/A
4.22% N/A
130.13 N/A

Source: CoreLogic

DSR Score for property investment : Poor (U), Below average (H)
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